Egypt Bourse gains EGP5 billion, Indices closed in Red

Egypt’s stock market started a new month higher registering gains worth around 5 billion Egyptian pounds (US$649.5 million) powered by foreign investors’ buying appetite.

However, the country’s main stock index, EGX30 fell below 9780 points on Sunday.

The rest of the Egyptian Exchange’s indices were also wavering in red notes during the closing session of Sunday.

Indices:

The main stock index, EGX30 tumbled by 0.64 per cent to 9779.76 points. EGX20 dropped by 0.53 per cent to 10907.25 points.

Meanwhile, the mid- and small-cap index EGX70 went down by 0.45% to 573.97 points. The price index, EGX100 also declined by 0.53% to 1138.95 points.

Turnovers climb above EGP2 billion
Throughout the closing session of Sunday, the trading volume has reached 122.673 million securities, with turnovers climbed to EGP 2.388 billion, exchanged through 23.151 thousand transactions.                       
Also during the closing session, 184 listed securities have been traded in; 113 declined, 36 advanced; while 25 kept their previous levels.
Furthermore, the market capitalization recorded EGP 531.703 billion on Sunday.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers on Sunday seizing 3.01% and 1.09% respectively of the total markets, with a net equity of EGP 8.140 million and EGP 277.825 thousand, respectively, excluding the deals.

On the other hand, local investors were net buyers capturing 95.91% of the total market, with a net equity of EGP 8.418 million, excluding the deals.